{"id":73810,"date":"2026-06-10T03:34:26","date_gmt":"2026-06-10T03:34:26","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/wintermute-warns-bitcoin-bottom-is-unclear-with-etf-outflows-near-3b\/"},"modified":"2026-06-10T03:34:26","modified_gmt":"2026-06-10T03:34:26","slug":"wintermute-warns-bitcoin-bottom-is-unclear-with-etf-outflows-near-3b","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/wintermute-warns-bitcoin-bottom-is-unclear-with-etf-outflows-near-3b\/","title":{"rendered":"Wintermute Warns Bitcoin Bottom Is Unclear With ETF Outflows Near $3B"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Wintermute said exchange-traded fund (ETF) outflows, not Strategy\u2019s 32 BTC sale, drove bitcoin below $62,000.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">U.S. spot Bitcoin ETFs lost $2.97B in 10 days, signaling weaker institutional demand.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Wintermute sees accumulation near $62K but says fresh inflows must return to confirm a bottom.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Wintermute Sees Early <span>Bitcoin<\/span> Accumulation but Says Recovery Lacks Confirmation<\/h2>\n<p> <span>Bitcoin<\/span>\u2019s sharp fall below $62,000 was driven less by Strategy\u2019s symbolic sale of 32 <span>BTC<\/span> and more by weakening institutional flows, according to Wintermute.<\/p>\n<p>The market maker said <span>bitcoin<\/span> dropped about 14% over the week, reaching levels last seen in September 2024. While Strategy\u2019s sale marked its first <span>bitcoin<\/span> disposal since 2022, Wintermute described the size as immaterial. The signal mattered more than the <span>volume<\/span> because it landed in a market already losing support.<\/p>\n<p>The real pressure, <a href=\"https:\/\/x.com\/wintermute_t\/status\/2064297037517201783?s=46\" target=\"_blank\" rel=\"noopener noreferrer\">Wintermute said<\/a>, came from U.S. institutions and spot <span>bitcoin ETF<\/span> redemptions. The firm said its <span>over-the-counter<\/span> desk had seen retail investors selling <span>crypto<\/span> while chasing equity returns. U.S. institutional clients also turned <span>bearish<\/span> in recent days, while Asia and Europe remained more balanced.<\/p>\n<p>ETF data reinforced that picture. <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a> spot funds recorded 10 straight sessions of outflows from May 15 through to May 29, the longest streak since launch. Total redemptions reached about $2.97 billion during the run, leaving May with $2.43 billion in net outflows, the weakest month of 2026.<\/p>\n<figure id=\"attachment_821624\" aria-describedby=\"caption-attachment-821624\" style=\"width:1200px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/wintermute-warns-bitcoin-bottom-is-unclear-with-etf-outflows-near-3b_nwmk.jpeg?X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&amp;X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIARQKIT2TMGZBKV2L6%2F20260609%2Fus-east-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260609T173242Z&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Expires=600&amp;X-Amz-Signature=2be53339684a6509f9a762c72dac5aa2d87467776be6b15fd97dd3b9daf4fc50\"><\/a><figcaption id=\"caption-attachment-821624\" class=\"wp-caption-text\">Cross Asset Performance for Week 23. Source: Wintermute<\/figcaption><\/figure>\n<h3>Labour Report Adds Further Strain on Markets<\/h3>\n<p>Wintermute said the recent weakness comes as broader risk appetite is being tested. A stronger-than-expected U.S. jobs report pushed Treasury yields higher and reduced expectations for near-term Federal Reserve rate cuts. The U.S. added 172,000 jobs in May, compared with expectations of about 80,000, while April was revised up to 179,000 from 115,000.<\/p>\n<p>Other data also pointed to sticky <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-inflation\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">inflation<\/a> pressure. Job openings rose to 7.6 million, their highest level in nearly two years, and ISM services prices reached their highest point since August 2022. The 10-year Treasury yield climbed to 4.55%.<\/p>\n<p>Still, the labor market is showing strain beneath the headline numbers. Jobless claims rose to 225,000, their highest since February, and announced layoffs increased for a third straight month, with companies citing AI as a key factor.<\/p>\n<p>Equities added to the pressure. The Nasdaq fell 4.7%, while the S&amp;P 500 posted its first weekly loss since March. Wintermute said the AI trade appears to be losing momentum after stretched valuations, rising issuance, and oil <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-volatility\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volatility<\/a> weighed on sentiment.<\/p>\n<p>The firm also flagged the June 12 SpaceX market debut as a key test of risk appetite. A strong placement could steady markets, while weak demand may signal broader exhaustion.<\/p>\n<p>Wintermute said some long-term investors have started accumulating <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> near current levels. Even so, it is not calling a bottom. Without clear signs of fresh inflows, and with macro conditions still difficult, the firm said the market has not yet confirmed a durable recovery.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/wintermute-warns-bitcoin-bottom-is-unclear-with-etf-outflows-near-3b\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Wintermute said exchange-traded fund (ETF) outflows, not Strategy\u2019s 32 BTC sale, drove bitcoin below $62,000. U.S. spot Bitcoin ETFs lost $2.97B in 10 days, signaling weaker institutional demand. Wintermute sees accumulation near $62K but says fresh inflows must return to confirm a bottom. Wintermute Sees Early [&hellip;]<\/p>\n","protected":false},"author":3947362377,"featured_media":73811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73810"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362377"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73810"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73811"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}